Federal Reserve said it would hold off on raising interest rates and signaled that the central bank will not raise interest rates any time this year.
The Tax Cuts and Jobs Act (TCJA) is plagued by a recurrent problem: Many parts of the law tax similar income or assets at different rates. That tendency has created an enormous mess with the tax treatment of pass-through businesses, where certain income from certain taxpayers enjoys a 20 percent individual income tax deduction while similar income from other taxpayers does not.
It's the Federal Reserve Board that holds the most sway over the direction of interest rates and it's the free markets that determine the price of oil. What kind of pull does one have on the other, to such an extent that they seem to trade in tandem?